Sec. 8. An amount paid to a life insurance company and proceeds applied to amounts paid under optional modes of settlement under a funding agreement may be allocated by the insurer to one (1) or more segregated asset accounts in the manner described in Class 1(c) of IC 27-1-5-1.
As added by P.L.178-2003, SEC.18.
Structure Indiana Code
Article 1. Department of Insurance
Chapter 12.7. Funding Agreements
27-1-12.7-1. "Funding Agreement"
27-1-12.7-3. "Life Insurance Company"
27-1-12.7-4. "Optional Modes of Settlement"
27-1-12.7-5. Issuance or Issuance for Delivery of Funding Agreements
27-1-12.7-6. Funding Agreements Interpretation
27-1-12.7-7. Guaranteed or Credited Amounts Under Funding Agreements
27-1-12.7-8. Segregated Asset Accounts